Bill > HB913

This bill amends Mississippi law to increase the homestead exemption, which is a reduction in property taxes for homeowners, specifically for individuals aged 65 and older. Currently, qualified homeowners can receive an exemption on up to $7,500 of their home's assessed value. However, starting January 1, 2027, this bill will allow qualified homeowners who are 65 years of age or older by January 1 of the tax year to receive an exemption on up to $12,500 of their home's assessed value, effectively increasing their property tax relief. This change will apply to tax claims made in the 2027 calendar year and subsequent years.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0913.xml